Fidelity Investments Mobile App Review: Manage Your Investments Anywhere, Anytime

Investing in the stock market can be a daunting task, more so when it involves managing a portfolio while on the go. With the Fidelity Investments mobile app, you can now trade and manage your investment portfolio using your smartphone or tablet device. This app puts 70 years of Fidelity’s financial experience in the palm of your hand, allowing you to stay up to date with the financial world, trade market securities, and manage your money, all from the convenience of your mobile device.

Features of the Fidelity Investments App

The Fidelity Investments app has a wide range of features that make it an ideal platform for both seasoned and rookie investors. One of its key highlights is its customized feed, which provides personalized news based on your interests and investment portfolio. Additionally, you can manage your orders, history, and pending transactions in the Activity tab, and execute stock trades, transfer funds, pay bills or deposit checks using the Trade+Transact tab.

The app's Watchlist feature comes with a heat-map or grid view, displaying different field options, including the 52-week range, P/E, EPS, earnings date, div date, div ex-date, div $, and div yield. Fidelity Investments app also offers an in-depth market research feature, including Zack’s Bull & Bear of the Day insights. Finally, the News + Video section of the app provides you with access to Fidelity Viewpoints and live Bloomberg streaming videos.

The Pros

The app’s pros are plentiful. Fidelity offers one of the best brokerage services for stocks, ETFs, and mutual funds. The mobile app's integration with Fidelity Go—a robo-advisory service that offers portfolios constructed using ETFs with no advisor fees— makes it more attractive. Additionally, the app is easy to navigate, and the customized feed provides an experience that no other trading app can match. It also offers a robust range of market research features and is accessible through TalkBack, which is an excellent feature for users with disabilities.

The Cons

The Cons of this app include the fact that it's somewhat limited to users with Fidelity accounts. While investors can open an account and directly deposit funds without fees, trading stocks will incur a charge of $4.95 per transaction, which is more than what some other brokerages offer. Also, while the app has an excellent design and is easy to use, for a beginner investor, some features might be too advanced, making the platform better suited for buy-and-hold investors over active traders.

How to Use the App

Using the Fidelity Investments App is quite easy. Once you download the app from your preferred app store, sign in and link any Fidelity accounts you have. The app will then display all the necessary information on your account, from your account’s asset allocation to graphs that show your holdings across various industries. You can then use the customized feed to find articles that align with your investment strategy or get market insights for your investment portfolio.

The tabs in the app's bottom menu bar allow you to place orders, transfer funds, deposit checks, and pay bills. You can also personalize notifications for stocks, news, and other criteria. Finally, you can contact a Fidelity representative directly from within the app.

FAQs

Can I use the Fidelity Investments App without having a Fidelity account?

No, you must have a Fidelity account to use the app.

Does the Fidelity Investments App charge trading fees?

Yes, Fidelity charges $4.95 per transaction for stock trading.

Can I place orders on the app?

Yes, the app allows you to place orders for stocks, options, and ETFs.

Conclusion

The Fidelity Investments app delivers 70 years of financial expertise into the palm of your hand. While Fidelity charges more for trades compared to some other brokerages, the brokerage's range of features and in-depth market research provided by Zack's Bull & Bear of the Day insights make the app appealing to buy-and-hold investors. Furthermore, the app's user interface is one of the best in the business, ideal for users looking to stay ahead of the curve in their trading strategies. In conclusion, the Fidelity Investments app is an excellent choice for investors looking to manage their portfolios on the go.